President Trump today threatened to increase tariffs on imports from Hong Kong and to take other action to punish China for what he called 'deeply troubling' moves to exert more control over the former British colony
President Donald Trump on Friday threatened to increase tariffs on imports from Hong Kong and to take other action to punish China for what he called "deeply troubling" moves to exert more control over the former British colony.
U.S. stocks rallied after the speech, reflecting relief among investors that Trump did not further roil relations with Beijing by pulling out of a phase one trade deal that both countries signed in January.
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